Nigeria: In Luanda, Angola, Boi, IFC Sign $50m Loan to Expand Long-Term Financing for Nigerian Msmes

Abuja — Bank of Industry (BoI) has secured a $50 million loan from the International Finance Corporation (IFC) to expand long-term financing for Micro, Small and medium-sized Enterprises (MSMEs) in Nigeria, with women-owned businesses billed to receive at least a quarter of the facility.

The seven-year loan, signed at the Africa Financial Industry Summit (AFIS) 2026 in Luanda, Angola, formed part of a broader IFC investment package of up to $100 million for the Nigerian development finance…